SOFR (Secured Overnight Financing Rate) is a benchmark interest rate that is based on the cost of borrowing cash overnight, collateralized by US Treasury securities. It is considered to be a replacement for the LIBOR (London Interbank Offered Rate) benchmark, which is being phased out by the end of 2021. SOFR futures are derivative contracts that allow market...
In this video I show you how I used the Opening Range and Initial Balance indicator to predict price.
There was one real opportunity today to catch the rally of the ES. The pullback to the top of the Initial Balance at 8 am PST was a textbook long entry.
*** I may have said NQ in the video. I meant the ES.